45830, Columbus Grove, OH

The 45830 zip code of Columbus Grove, OH has a median home value of $162,000 and a median home equity value of $119,000. These values are higher than the statewide median home value of $146,600 and the national median home equity value of $130,800. The 45830 zip code is also wealthier than the statewide median home value and the national median home equity value by a significant margin.

One reason for this wealth is that Columbus Grove is located in one of Ohio's most affluent counties. As of 2016, Franklin County had an annual income per capita of over $100,000. This high level of income leads to high levels of homeownership and wealth accumulation in the area. Additionally, Columbus Grove has a low rate of unemployment and a high rate of household incomes. These factors contribute to high levels of homeownership and home equity in the 45830 zip code.

Despite these positive factors, there are some challenges facing residents in the 45830 zip code when it comes to housing prices and home equity. One issue is that Columbus Grove experiences rapid growth rates relative to other areas within Franklin County. This means that there is an increasing demand for housing units as well as homes with greater values. Additionally, many residents in Columbus Grove are young professionals who may not be able to afford homes at current prices or who may be looking for larger homes than what is currently available on the market. As a result, there may be limited opportunities for people who want to purchase or invest in homes in the 45830 zip code."